Banks worldwide face the threat of new taxes to cover the cost of any future bailouts, including one on profits which have outraged taxpayers, under proposals by the International Monetary fund circulated to the Group of 20 leading developed and emerging market

However, bank lobbying groups said they were concerned that new taxes could damage competitiveness.

"I think there's every chance of getting an agreement. It may not be in the exact shape or form of what the IMF are saying," British finance minister Alistair Darling told the BBC's Newsnight program.

The full report can be read here .